4/26/2011

Chief financial officers who act as a fiduciaries for their companies' 401(k) plans could face lawsuits if participants are given the option of investing in employer stock, lawyer Jeff Mamorsky writes. Plaintiffs may argue that a CFO violated the fiduciary duty following a significant drop in the stock's price. The solution is to establish an independent process before deciding to include company stock in a 401(k) plan.

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